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Your world wide income will be subject to UK Income tax (IT) as you are probably aware. The Double Taxation Convention between the UK and Italy precludes the same income stream being taxed on both jurisdictions. This is ahieved by means of tax credits, the tax deducted in Italy being allowed as a tax credit against the UK liability.
Pensions are invariable taxed in country of origin and yiou just have to include the relevant tax credits on your annual self assessmant tax return. Lots of people are in the same boat as you.
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